Arbitrum

Solana

DappRadar

Uniswap

Hive

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 <p class="is-style-lead">In 2023, web3 saw a 124% <a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a> in Unique Active Wallets, with Near, Klaytn, and Arbitrum leading growth, while others declined.</p>
 <p>In a recent report by blockchain analytics platform DappRadar on January 11, 2024, the web3 landscape witnessed substantial growth, with a 124% increase in Unique Active Wallets (UAW) engaging with decentralized applications (DApps) throughout 2023.</p>
 <p>The data spotlighted Near, Klaytn, and Arbitrum as the frontrunners in growth, while Harmony, Solana, and Hive experienced declines in user engagement.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://cdn.thebittimes.com/images/2024/01/12/0ca318909cc81bcfa03ea83e015f6376.webp" alt="DappRadar: web3 apps surged 124% in 2023 - 1">
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 <p>On average, 4.2 million UAW interacted daily with web3 apps, doubling the previous year’s figures. Nonfungible token (NFT) products dominated growth, boasting a 166% increase, followed by defi with a 112% <a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a>. Social media apps, buoyed by leading protocols like Friend.tech, Lens Protocol, and Galxe, reported a 29% gain.</p>
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 <p>Near, Klaytn, and Arbitrum emerged as the standout performers, exhibiting growth rates of 1,902%, 1,099%, and 624%, respectively. Key DApps on these networks, such as KAI-CHING, SuperWalk, and Uniswap V3, contributed significantly to their success.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://cdn.thebittimes.com/images/2024/01/12/2422924705bd157a2a952bed1b22f561.webp" alt="Top 10 blockchain by new wallets creation (UAW) in 2023">
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 <p>Conversely, Harmony, Solana, and Hive faced setbacks, experiencing declines of 96%, 76%, and 68%, respectively. Harmony’s struggles were linked to a bridge exploit in June 2022, while Solana grappled with challenges tied to its association with FTX.</p>
 <p>The report acknowledged Solana’s impressive recovery in the latter part of 2023. Hive’s loss of users was speculated to stem from missing financial targets and reporting significant losses.</p>
 <p>Overall, the report underscores the vibrancy of blockchain networks, citing instances like Stars Arena driving 10,000 UAW to the Arbitrum network in October and Ethereum collecting over $54.3 million in fees in a single week in November.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dappradar-web3-apps-surged-124-in-2023-tbt76346.html">https://thebittimes.com/dappradar-web3-apps-surged-124-in-2023-tbt76346.html</a></p>

DappRadar: web3 apps surged 124% in 2023

TheBitTimes

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